Zetar Share Discussion Threads

[2gekko] 26/7/2011 09:44

attrader, you are welcome, it's moving up a bit now

Simon Thompson also reckoned on a re rating soon,could get interesting!

[horndean eagle] 26/7/2011 08:53

Bit disappointing to see there is still a huge slug of the overhang left. Still easy enough to pick up 25k shares at 229p. Think there is more than 1 large seller around. On the flipside the overhang won't last forever and when it is finally clear any good news from the company will have a noticeable impact. Ennismore being on board is another big positive. They are very highly rated.

[attrader] 25/7/2011 17:51

That explains it . Cheers 2gekko . Good volume today . Hope it keeps going like this.

[michaelmouse] 25/7/2011 17:42

Bought some first thing this morning:-



Cheers.
Michael.

[2gekko] 25/7/2011 12:43

Its been tipped by Investors Chronicle's Simon Thompson,target 350p

[horndean eagle] 25/7/2011 12:23

I think its been tipped somewhere. A whole flurry of buys in the last 15 minutes. Huge seller around though as you can still buy 25k at 224 despite the flurry of buying.

[crawford] 20/7/2011 17:52

255p target:

[davidosh] 20/7/2011 15:47

Very big volume today. Probably more traded today than in a normal month of trades. There may be some institutions starting to take an interest especially now they have announced a dividend stream and food is generally seen as defensive.

[blobby] 20/7/2011 11:22

Thanks davidosh. You forgot to include the research report though :-(

[davidosh] 20/7/2011 10:41

I have posted a review this morning in the Pub...



If any of you want to add to the discussion there.

[blobby] 20/7/2011 09:57

Research report issued today from Edison (12 pages)



Summary

Results were slightly ahead of expectations, with encouraging news of the growth of branded product, now 33% of sales. Trading in the first few weeks of FY12 is well ahead of the market, with sales up 6%. The expertise in licensed brands in confectionery is being leveraged into snacks to good effect and the portfolio is set to extend. This puts the group much more in the driving seat for managing its margins, with the growth in premium private label a further positive factor. Zetar has declared its first dividend with these results. The valuation is overly harsh.

[blobby] 20/7/2011 09:31

A bargain today seeing the results. Should be on a p/e over 10 or 400p plus.

[crawford] 20/7/2011 09:23

Just bought some here.

[davidosh] 20/7/2011 09:10

Keep an eye out for any updated forecasts. I wonder what scale of additional income those olympic gift products are likely to bring ?

[horndean eagle] 20/7/2011 08:42

Agreed David. They have done very well in managing the cost inflation pressures they have been facing recently. Once these begin to fade we should see a sharp recovery in margins at the Fruit/Nut division and a big boost to profits overall.

[davidosh] 20/7/2011 08:23

Nice steady results and outlook plus a maiden dividend to show confidence for the future. I have added a few this morning as this low rating cannot continue for too long now that the management are proving they have weathered the hard times and are progressing so well.

[pugugly] 14/4/2011 08:15

Looks like a very shrewd purchase at at approx nav and some 1/7th of turnover. Another way of looking at it is at an approx p/e of 5.1. [Subject of course to the final price paid]



Could someone please check my maths to see I have not made a mistake

[blobby] 11/4/2011 11:13

Yep, I agree P/E is much too low.

Some may say that the amount of debt may be holding this back, but my feeling is that this is well covered and if we have 5% inflation this year that means 5% less debt in real terms, so it just adds to the return on investment.

[maxcashflow] 08/4/2011 18:33

With Ivory Coast looking like it is reaching an endgame (Ouattara is requesting that the EU lifts sanctions on Cocoa exports amongst other things ), cocoa prices are now back around $1900, about the same as they were in 2010, and way off the high of $2400 seen at the end of February.

According to this GCI interview, Zetar has covered its purchases of Cocoa until April anyhow, so hopefully will not have been affected too much by the spike up to $2400.

Seems like pretty good news; they will suffer other commodity inflation in nut and fruit prices, but as we heard at Mello they have ways to pass this on (through price increases and 'innovating new products').

Zetar is trading on current year forecast P/E of 5.4 and 2012 P/E of 5.

[saucepan] 08/3/2011 19:16

Thanks silverfern; however, I don't think I was looking at the wrong site - it now seems to have been revamped. Coincidence or taking note?

Why two sites? I followed the link from ShareScope - which today takes me to the link you gave.

[silverfern] 08/3/2011 18:28

Saucepan: you're looking at the wrong site

[masco3] 03/3/2011 22:01

Zetar's CEO is presenting at a free seminar on 16th March. Details at www.freecityseminars.com.